The Department of Labor fiduciary rule is teetering on the brink of death after the Justice Department, which was defending the rule in court, appears to have let a key deadline pass to keep the case alive. On March 15, the 5th Circuit Court of Appeals struck down the DOL fiduciary rule, which raises investment advice standards in retirement accounts, in a split 2-1 decision. The Department of Justice had until Wednesday to appeal to the Supreme Court for a hearing. Read the original story from InvestmentNews.
